Under Armour 2014 Annual Report Download - page 87

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Year Ended December 31,
(
In t
h
ousan
d
s
)
2
0
14 201
3
2
0
12
O
perating income
(
loss
)
North America
$
372,347
$
271,338
$
200,084
O
ther foreign countries and businesses (18,392) (
6
,240) 8,
6
11
Total operatin
g
income 353,955 265,098 208,69
5
Interest expense, net (5,335) (2,933) (5,183)
Other expense, net (6,410) (1,172) (73)
I
ncome before income taxes $342,210 $260,993 $203,43
9
N
et revenues
by
pro
d
uct cate
g
or
y
are as
f
o
ll
ows:
Year Ended December
31,
(In thousands)
2014
2013
2012
Apparel $2,291,520 $1,762,150 $1,385,35
0
Footwear 430,987 298,825 238,95
5
Accessories 275,425 216,098 165,83
5
T
otal net sales 2,997,932 2,277,073 1,790,14
0
Licensing and other revenues 86,438
5
4,978 44,781
T
otal net revenues
$
3
,
084
,
370
$
2
,
332
,
051
$
1
,
834
,
921
A
so
f
Decem
b
er 31, 2014 an
d
2013, t
h
ema
j
or
i
ty o
f
t
h
e Company’s
l
ong-
li
ve
d
assets were
l
ocate
di
nt
he
U
nited States. Net revenues in the United States were
$
2
,
670.4 million
,$
2
,
082.5 million and
$
1
,
650.4 million for
t
h
e years en
d
e
d
Decem
b
er 31, 2014, 2013 an
d
2012, respect
i
ve
l
y.
1
7. Unaudited Quarterly Financial Dat
a
Q
uarter Ended (unaudited)
Y
ear
E
n
d
e
d
D
ecember 31,
(
In t
h
ousan
d
s
)
M
arch 31
,
J
une 30
,
S
eptember 30, December 31,
2
0
14
Net revenues $641,607 $609,654 $937,908 $895,201 $3,084,37
0
G
ross profit 300,690 299,952 465,300 446,264 1,512,20
6
Income from operations 26,856 34,694 146,106 146,299 353,955
Net income 13,538 17,690 89,105 87,709 208,042
Earnin
g
s per share-basic $ 0.06 $ 0.08 $ 0.42 $ 0.41 $ 0.98
Earnin
g
s per share-diluted $ 0.06 $ 0.08 $ 0.41 $ 0.40 $ 0.95
201
3
Net revenues
$
471,608
$
454,541
$
723,146
$
682,756
$
2,332,051
G
ross
p
rofit 216,
55
1 219,631 3
5
0,13
5
3
5
0,3
5
3 1,136,670
Income from o
p
erations 13,492 32,310 120,829 98,467 26
5
,098
Net income 7,814 17,
5
66 72,784 64,166 162,330
Earnings per share-basic
$
0.04
$
0.08
$
0.34
$
0.30
$
0.7
7
Earnings per share-diluted
$
0.04
$
0.08
$
0.34
$
0.30
$
0.75
77